why aren't banks open 24 hours 7 days a week?

Answer 1

Actually, they are if you bank with them Online.

Answer 2

For the same reason that most retail stores arn't - the cost of having to pay staff to work the graveyard shift is higher than the potential profit from the customers who would use the bank at those hours.

Answer 3

Because they usually don't take 2 shifts (mornign + afternoon), and even if they did, they would only cover 8 + 8 = 16 hours of the day. Plus there are laws that protect the working people :)

Answer 4

All banks can not be open 24. But Internet banking can help your difficulties.
Internet & 24-Hour Banking Services consist of Telephone Banking and Internet Banking. Between these services you can access account information 24 hours* a day. You can also download transaction information from the bank to the personal financial management software programs Quicken® or Microsoft® Money.
With Internet Banking you can:

Check current balances on personal checking, savings, money market, CD / IRA, installment loan, line of credit, and supported business checking accounts.
1.View up to 90 days of account activity for checking, savings and credit line accounts.
2.Transfer funds between many of your accounts.
3.Online Check Imaging - View front and back images of cleared checks.
4.Pay bills.
5.Nickname your accounts for quick and easy reference.
6.Download your posted transaction history to financial management software Quicken® or Microsoft® Money.
7.Send and receive secure messages.
8.Access Telephone Banking.

For more information http://www.business.com/directory/financial_services/banking/online_banking/

For 24 hour e banking http://web.info.com/infocom.us2/search/web/internet%2520bank?CMP=2947&itkw=internet%20bank

Banks, mortgage companies, insurance companies and other financial services organizations are often the target of organized crime. The bank and financial services security section in Security Park describes how banks and financial services companies can protect their staff, clients and property from physical and electronic security risks (including bank robberies, extortion, kidnapping, embezzlement, e crime, phasing, hacking). Access control, biometrics, CCTV, electronic surveillance, security guards, safes and many IT security solutions are available to protecting people and property and provide security for banks, insurance companies and other financial services organizations.

Answer 5

technically they are open 24 hours 7 days a week through automated teller machine....

Answer 6

they have to get their intrest some where. With them not being open 24/7, they collect intrest all that time.

Answer 7

Beacuse their employees need to take a break.

Answer 8

Its called ATM